Luminar kicks off another round of layoffs amid CEO’s sudden resignation

Luminar, the recent established company, replaced CEO CEO, Austin Russell, another reconstructed, According to a recent arrangement file.

These new periods that the company does not show figures, and the company’s new periods in 2024. In the first quarter of some work, he was poured on the first quarter of 2025. A total of 212 workers were shot.

The company in the latest regulation document said the company started additional work on May 15. These new jobs are expected to spend $ 5 million for $ 4 million. These costs are expected to be withdrawn in the second and third quarters of this year.

Layrophs are the latest complications for Luminar. At the beginning of this month, the company’s board was replaced as a CEO of Russell and a plaque chair. The Board made a press release lean He resigned as a result of an ethics request without further information. Luminar’s board replaced Russell and set Paul Ricci to the role. Ricci is the former chairman and director of the past.

A day after the leadership change, the Board member Jun Hong Heng also resigned, According to the regulatory documentHis decision was not decided due to any disagreement on the company’s operations, policies or experience.

The company did not meet the requests for comment.

Russell, LiDAR Startup Luminar’s 2021 in 2021 was open to the public in 2021, after combating a $ 3.4 billion market after combination with GORES Metropoulos Inc., came to the public in 2021. Luminar earned $ 250 million before the SPAC announcement.